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What happens if you don't deliver on Kickstarter?
Samstag:
I've only funded the Double Fine project, because I felt like there was very little chance I wouldn't get my money's worth from those guys (even if it had only received the minimum funding). I think the documentary videos and project updates they've been releasing are already worth the $30 I spent even if I don't like the game.
My criteria for funding boils down to:
* The project needs to really grab my interest. Not just "I would buy this in the store" but more like "I would send these guys money if it might convince them to release more content".
* I need to be familiar with the people behind the project and have confidence in their ability to deliver.
CheffoJeffo:
--- Quote from: CheffoJeffo on May 29, 2012, 02:56:27 pm ---I like that some cool projects that would otherwise never come to fruition are finding funding, but I find it ridiculous that established companies like Farsight Studios (the Pinball Arcade guys are seeking funding to add TZ to their stable of virtual pinball tables) are looking for what are essentially preorders, without having to assume the legal responsibility associated with preorders. I love Pinball Arcade and buy new tables for my iPad as they become available, but this just doesn't smell right to me.
--- End quote ---
To follow-up on this ... it seems like high licensing fees are the reason why Farsight turned to KickStarter (e.g. to raise enough to cover the fees before taking on a potentially money-losing project), so I withdraw my previous objection.
danny_galaga:
Kickstarter is basically venture capitalism for beginners. Lesson number one: Expect to lose your money. This is the risk the big boys take, and why I guess they deserve to make the big bucks if it turns out well. Being a 'little big boy' means same risk/reward scenarios, only scaled down...
shmokes:
Except venture capitalists share in the reward, not just the risk. :cheers:
Samstag:
--- Quote from: shmokes on June 14, 2012, 08:48:38 am ---Except venture capitalists share in the reward, not just the risk. :cheers:
--- End quote ---
This. The whole point of venture capitalism and investing in general is the possibility of getting more than you paid for.
Kickstarter isn't investing, it's preorders and donations.
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